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| Small
Business Statistics |
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Businesses with fewer than ten employees, and those based
at home, represent a market of nearly 28 million offices,
which is projected to reach 37 million by 2002.
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U.S. Small Businesses generate the third largest economy
in the world
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Small businesses (firms with less than 500 employees)
represent over 99% of all employer firms and employ 52%
of all private workers.
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Small businesses account for 51% of the private sector
output. They
are responsible for virtually all net new jobs through
creation of new firms, as well as expansion of existing
small businesses.
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The US Small Business Administration (SBA) Office of Advocacy
identifies firms with fewer than 500 employees as small.
Of the 5.4 million firms that existed in 1995, approximately
78% of them employed 10 or fewer people.
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Online retail marketing is experiencing about 200% annual
growth
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Online traffic has been doubling every 100 days
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40 million households will shop online by 2003
Small business access to the net doubles every year
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Although more than 50% of all small business's have access
to the Internet, only 1.4% of Internet use among small
business is directed towards e-commerce
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Forrester Research Inc. estimates that by 2004 online
retail sales will be over 100 billion dollars and that
inter-company e-commerce will exceed one trillion dollars.
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